Covery is an all-in-one risk management, transaction monitoring, fraud prevention, and chargeback mitigation platform. We provide ready business scenarios and a configurable risk logic engine with ML learning models to enable in-depth risk analysis and mitigation for 23 industries.

Target group 
Merchants/ecommerce
PSP/acquirers
SMBs
Banks/FS
Fintech
Telecom

Supported regions
Global

Member of industry association and/or initiatives
N/A

Core solution/problems the company solves
All-in-one risk mitigation capabilities enabling businesses to manage risks and prevent fraud without risk analysts on board.

Technology
Cloud enabled

Data input
Identity verification
Identity document scanning yes - via third party
Video scanning yes - via third party
Personally Identifiable Information (PII) validation yes - via third party
Compliance check yes - proprietary capability and via third party

Online authentication
Device fingerprinting yes - via third party
Geo-location yes - via third party
Remote access detection yes - via third party
3-D Secure 2.0 yes - via third party

Intelligence
Abuse list yes
Monitoring yes

Data ingestion/third-party data
Stateless data ingestion and augmentation yes

Methodology
Hybrid (Rule-based+Supervised ML)

Decisioning
Manual review
Case management
Decision orchestration

Chargeback management 
N/A

Business model
Pricing model
Pricing is per check and based on volume and complexity.

Fraud prevention partners
Dow Jones, Ondato, Verifi, Ethoca, Shufti Pro

Year over year growth rate
80%

Number of employees
N/A

Future developments
N/A

Customers reference
Genome, FC Capital (Malta), RedNines, Mr.Bet, Xace.io, Practika.net